best investment housing market: Charlotte Ranked in Top 10 Best Investment Housing Markets in U.S.
- 04/14/17 11:46 AM
Because of the Queen City’s strong economy and lucrative business district, Charlotte was recently ranked by HomeUnion as an ideal city in which to rent a single-family home. With a 7% cap rate, which is the net operating income for a real estate property, the median price for homes for sale in the Charlotte area in 2016 was $134,000, and resulted in as many as 77% of investors who chose to rent out their properties to renters. Additionally, North Carolina’s housing market was ranked among one of the most improved for home sales in the U.S. since 2012.
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Because of the Queen City’s strong economy and lucrative business district, Charlotte was recently ranked by HomeUnion as an ideal city in which to rent a single-family home. With a 7% cap rate, which is the net operating income for a real estate property, the median price for homes for sale in the Charlotte area in 2016 was $134,000, and resulted in as many as 77% of investors who chose to rent out their properties to renters. Additionally, North Carolina’s housing market was ranked among one of the most improved for home sales in the U.S. since 2012.
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